₦airaland Forum

deomelllo:
[s]

So, you expect your exchange rate to remain the same, even after depleting your foreign reserves and bank accounts?

How do you import food, raw materials and grow your economy after depleting your foreign reserves?

Your questions are sad reflections of your own ignorance and inability to connect what according to you Nigerians are going through today with what happened yesterday.

You spent all your money for 16 years without thinking about tomorrow, but you want somebody to wave the magic wand tomorrow for you to be eating chicken, turkey and drinking Fanta all day.


Sadly for you, your questions and whatever Nigeria is going through right now doesn't alter Nigeria's history under GEJ.


This is about history so if you feel like arguing or spewing irrelevant rubbish, start a new thread and debate your questions to your heart's desire.


Those who do not learn history are doomed to repeat it.




[/s]

Trash!
Lowest value of foreign reserve under Buhari is still more than $24B.

These people posting on this thread just want attention.

GEJ is not contesting and has no desire to.
He is a happily retired man.
This is for others who come on to this thread not to do this thread the dignity of much attention or any response.

We know the things that need attention now and everyone knows them.

Not Jonathan's administration or Babangida's administration or Gowon's administration.

I sacrificed this response just to remind others (that may come in) that this thread does not deserve the dignity of a response.

I have not mentioned the OP here and will contrive to not respond to the OP or anyone else here that may mention me.

Thanks.

deomelllo:
It took decades to destroy Nigeria and 16 years of PDP looting, stealing, corruption and incompetence, but they want El Dorado and Utopia in less than 3 years with low oil price, depleted treasury and the economy that was never diversified by past governments.


If you are going to demand anything from PMB-

Give PMB the same 16 years you gave PDP.

Give PMB the same huge foreign reserves you have the PDP and Jonathan

Give PMB the huge excess crude account funds you gave GEJ and the PDP.

Give PMB the same $20 billion power funds you gave the PDP.

Give PMB the same over $100/barrel oil price Jonathan enjoyed and did nothing with.



Until you are able to give all that to PMB, you have zero moral rights to demand anything or to compare.

You suck. So if oil prices don't hit $100pb pmb can't add value?
That shows PMB was just hoping to go and spend huge oil windfall and had no idea how to improve the system with what was flowing in.

Sirjamo:
When will you ever agree that GEJ is the worst President ever?

Nigerians knows who is worst.....Buhari is a terrorist, a bigot... Fill with nepotism. U can't fuss lies down our throat, like ur uncle lai Mohammed is always doing.

Grinch:
Nigerians knows who is worst.....Buhari is a terrorist, a bigot... Fill with nepotism. U can't fuss lies down our throat, like ur uncle lai Mohammed is always doing.

Grab your Bible and swear to that , make sure you swear that Buhari has much revenue, reserves and time as Jonathan

Sirjamo:
Grab your Bible and swear to that , make sure you swear that Buhari has much revenue, reserves and time as Jonathan

Did I just hear a liar n an imbe*cile saying I should swear

[quote author=deomelllo post=64544976][/quote]Former Finance Minister: Ngozi Okonjo Iweala Speaks: I still find it funny that most people don't know why Nigeria economy went into recession, they love the incompetent lies of Lai Mohammed about the past government ruining everything. It's also myopic to think that if Jonathan were to still be in power, we would be worse off. The truth about Nigeria's recession is this; it was caused by the president's unguided rhetoric and uncultured body language. Firstly, there is nothing we are buying today that we weren't buying 5 years ago, therefore it's not our purchase that put pressure on Naira but withdrawal of funds by foreign investors. After the election, the president created instability with his unguided statements about how everyone is corrupt and how everyone is going to jail. The instability made foreign investors to liquidate their investment and change their money to dollars. In the process of trying to flee, they were willing to buy dollars at any price, which lead to high exchange dollar rate. Even though some of them were not ready to run away, but want their money in dollars to save their investments from devaluation, the president gave a bad signal by banning deposit of foreign currency into dormiciliary accounts. That was enough for free market believers to see the draconian handwriting on the wall, that was the beginning of dollar rush. To make matters worse, the president came up with another outrageous policy of rationing dollar to certain sectors and blocking many sectors out. That was the nail in the coffin which facilitated the emergence of free FALL. In the end, foreign investors took over $80B out of the economy within a short period and everything went down to free fall. To those who believe it will be worse if Jonathan is still there, you are all wrong. Policy continuity and political stability will not let billions of dollars leave our shores within such tiny time frame. Even though the government might have income shortage, the private sector will weather the storm by their confidence in the market. The fear of the unknown created by PMB is responsible for the economic downturn not low oil price. Interest rate in America is currently at 0.5% while it is 12% in Nigeria. JP Morgan Chase will not mind borrowing $50 billion from Feds at 0.5 and put in Nigeria for return of %2000 profit. Citi bank will do the same, likewise US Bank Corp. Chase gave Buhari warning about the repercussions of his fixing policy before they pulled out, but his illiterate cyber warriors and misseducated e-soldiers said JPMORGAN can go to hell, they no longer believe in economic metrics since their messiah is in charge. Funny enough they are all suffering today because of the stupid policy, but they find relief by blaming it on past administration and Gucci appetite of average Nigerians. For your information, if your president "continues" with his unguided rhetoric, Naira will go down to N1000/1 $. But we thank God, he is no longer talking.

deomelllo:
He met 3,000MW power generation in 2010

Power generation dropped to less than 2,000MW on the very day he left office.

Even though he earned from oil more than any president or leader in the history of Nigeria

He also inherited huge ECA and foreign reserves

By the time he relinquished power in 2015, he was borrowing hundreds of billions to pay workers salary.


The wasted years and looted wealth.


How sad..

Thankgod he is out, we will also remove that dullard insha allah

Sirjamo:
Grab your Bible and swear to that , make sure you swear that Buhari has much revenue, reserves and time as Jonathan

Buhari is not the name of a party, we gave jona 4 years we are giving buhari 4 years too

[s]

berogood7:
Former Finance Minister: Ngozi Okonjo Iweala
Speaks:
I still find it funny that most people
don't know why Nigeria economy
went into recession, they love the
incompetent lies of Lai Mohammed
about the past government ruining
everything. It's also myopic to think
that if Jonathan were to still be in
power, we would be worse off.
The truth about Nigeria's recession
is this; it was caused by the
president's unguided rhetoric and
uncultured body language.
Firstly, there is nothing we are
buying today that we weren't buying
5 years ago, therefore it's not our
purchase that put pressure on Naira
but withdrawal of funds by foreign
investors.
After the election, the president
created instability with his unguided
statements about how everyone is
corrupt and how everyone is going to
jail. The instability made foreign
investors to liquidate their
investment and change their money
to dollars.
In the process of trying to
flee, they were willing to buy dollars
at any price, which lead to high
exchange dollar rate.
Even though some of them were not
ready to run away, but want their
money in dollars to save their
investments from devaluation, the
president gave a bad signal by
banning deposit of foreign currency
into dormiciliary accounts. That was
enough for free market believers to
see the draconian handwriting on
the wall, that was the beginning of
dollar rush.
To make matters worse, the
president came up with another
outrageous policy of rationing dollar
to certain sectors and blocking many
sectors out. That was the nail in the
coffin which facilitated the
emergence of free FALL.
In the end, foreign investors took
over $80B out of the economy within
a short period and everything went
down to free fall.
To those who believe it will be worse
if Jonathan is still there, you are all
wrong. Policy continuity and political
stability will not let billions of
dollars leave our shores within such
tiny time frame. Even though the
government might have income
shortage, the private sector will
weather the storm by their
confidence in the market.
The fear of the unknown created by
PMB is responsible for the economic
downturn not low oil price. Interest
rate in America is currently at 0.5%
while it is 12% in Nigeria. JP Morgan
Chase will not mind borrowing $50
billion from Feds at 0.5 and put in
Nigeria for return of %2000 profit.
Citi bank will do the same, likewise
US Bank Corp. Chase gave Buhari
warning about the repercussions of
his fixing policy before they pulled
out, but his illiterate cyber warriors
and misseducated e-soldiers said
JPMORGAN can go to hell, they no
longer believe in economic metrics
since their messiah is in charge.
Funny enough they are all suffering
today because of the stupid policy,
but they find relief by blaming it on
past administration and Gucci
appetite of average Nigerians.
For your information, if your
president "continues" with his
unguided rhetoric, Naira will go
down to N1000/1 $. But we thank
God, he is no longer talking.

[/s]

If they ask you to post the source you would give us Facebook.

[s]

Desyner:
You suck. So if oil prices don't hit $100pb pmb can't add value?
That shows PMB was just hoping to go and spend huge oil windfall and had no idea how to improve the system with what was flowing in.

[/s]





[s]

Desyner:
Trash!
Lowest value of foreign reserve under Buhari is still more than $24B.

[/s]


[s]

fabre4:
Thankgod he is out, we will also remove that dullard insha allah

[/s]



Ignorant and unintelligent ipob rants bore me.

fabre4:
Buhari is not the name of a party, we gave jona [b]4 years [/b]we are giving buhari 4 years too

This ignorant ipob didn't know jona spent 6 years in office...Go back to elementary school abeg.

deomelllo:
He met 3,000MW power generation in 2010

Power generation dropped to less than 2,000MW on the very day he left office.

Even though he earned from oil more than any president or leader in the history of Nigeria

He also inherited huge ECA and foreign reserves

By the time he relinquished power in 2015, he was borrowing hundreds of billions to pay workers salary.


The wasted years and looted wealth.


How sad..

The day he left office power was at 4500 and the installed capacity 8000 mws..please stop lying

[s]

Cannonleo:
Mr man it is obvious you only focused on the negatives to suit your narratives.

The first stage to solve a problem is to admit the existence of one.
this rule i applied here and your ranting beyond tesla level.

It is an FG institutions but yet due to the insecurity of the political class(early 2000s) and IBB CUM Abacha paranoia of a strong armed forces the whole military apparatus of the military was allowed to fail anf founder.

We had only one functional Frigate NNS Aradu since the 1980 till yes Gej came on board now we can start from NNS pathfinder down to NNS Unity that is just to acquire blue water capacity that we lost, minus the ND which still is vast beyond measure. how many water ways do you know about, do yoi think the NAVY can deal with piracy et al alone or oil coys contract then always to provide security for them , capacity that has been killed for decades is being built although NN has been a bit silent under this admin With the "billions'

Rag tag terrorist and militants you call them lmao
check the tenants of the amnesty agreement and the job of NIMASA. As the defacto coast guard of Nigeria .
check the list of private security outfits. This rag tags are trainned and have been retrainned on a platform they have been at all their life.

I always advocate that regardless of our stupid affiliations to politics when it comes to security fling the bullcrap out the window and say things the way it is.
afterall the Texas-mexico border is still one of the most porous despite all the immigration policing in the US.

As for leaders of tomorrow, you supporting an underground retarded mistake of a leader with no relevant course of action and a pure injection fleet of lies to add to that. What are you then a leader of yesterday.

I have made my point , you have made yours kapish.

Enjoy your day

[/s]


Handing over the duties of the Nigerian Navy to terrorists and giving billions that should have been spent on the Nigerian Navy to terrorists was the most disastrous and unpatriotic in the history of mankind.

1. you are sitting here fuming that the NAVY wasn't well equipped and our ships are not up to the task.

Were they up to task after handing over their funds to terrorists?

2. The $2 billion jona stole and gave to Dasuku/ATM to share with his PDP friends and cronies could have bought many fighter jets and warships.

3. The PDP/JONA together spent 16 years in office, so tell us exactly what they did to better the Nigerian military and the Navy in general?


After sitting, watching, looting and stealing military budgets of $6 billion and rendering the Navy worthless, they called in the terrorirts to take over.


It's like Trump handing over the US NAVY to ISIS or the Taliban.



I find your thoughts, mentality and assertions very disgusting..

[s]

SalamRushdie:
The day he left office power was at 4500 and the installed capacity 8000 mws..please stop lying

[/s]

Nigeria’s power generation at “all-time low”; crashes to 1,327MW


May 22, 2015 Premium Times




Nigeria’s overall electricity generation has dropped to an unprecedented low of 1,327 megawatts, the Ministry of Power said Friday, a week before the transfer of power from President Goodluck Jonathan to President-elect Muhammadu Buhari.


https://www.premiumtimesng.com/news/headlines/183496-nigerias-power-generation-at-all-time-low-crashes-to-1327mw.html

If you are going to make such claims, common sense dictates that you show facts to support your claims with.


Where are your facts?


Confine your silly rubbish to your fellow ipobs.


Power generation dropped to 1,327MW the same week worthless jona left office, that worthless clown left us in darkness.

deomelllo:
[s][/s]







If you are going to make such claims, common sense dictates that you show facts to support your claims with.


Where are your facts?


Confine your silly rubbish to your fellow ipobs.


Power generation dropped to 1,327MW the same week worthless jona left office, that worthless clown left us in darkness.

To hell with your lies , even your statement says power supply crashed to 1327 the week Jonathan left office , before that crash which was even sabotage was power generation not at 4500 mws and an installed capacity of 8000 MWs which this govt is still tapping from ..For your information Jonathan built 3 times more power plants than all the previous govts combined and it's a fact ..Are you aware that under this evil govt power has even crashed to 1000 Mws thrice yet you kept quiet ..show me a single powerbplant Buhari has built and I keep quiet ..The only work Fasholas has been doing is getting gas to orphaned power plants all completed by Jonathan .

SalamRushdie:
To hell with your lies , even your statement says power supply crashed to 1327 the week Jonathan left office , before that crash which was even sabotage was power generation not at 4500 mws and an installed capacity of 8000 MWs which this govt is still tapping from ..For your information Jonathan built 3 times more power plants than all the previous govts combined and it's a fact ..Are you aware that under this evil govt power has even crashed to 1000 Mws thrice yet you kept quiet ..show me a single powerbplant Buhari has built and I keep quiet ..The only work Fasholas has been doing is getting gas to orphaned power plants all completed by Jonathan .

The clown acknowledge power dropped after jonathan left but didn't tell us the value it dropped from.
He will tag us IPOB. Just watch.

deomelllo:
[s][/s]







If you are going to make such claims, common sense dictates that you show facts to support your claims with.


Where are your facts?


Confine your silly rubbish to your fellow ipobs.


Power generation dropped to 1,327MW the same week worthless jona left office, that worthless clown left us in darkness.

Commonsense varies according to the overall strength of the whole sense. Where did power drop from ?

[s]

SalamRushdie:
To hell with your lies , even your statement says power supply crashed to 1327 the week Jonathan left office , before that crash which was even sabotage was power generation not at 4500 mws and an installed capacity of 8000 MWs which this govt is still tapping from ..For your information Jonathan built 3 times more power plants than all the previous govts combined and it's a fact ..Are you aware that under this evil govt power has even crashed to 1000 Mws thrice yet you kept quiet ..show me a single powerbplant Buhari has built and I keep quiet ..The only work Fasholas has been doing is getting gas to orphaned power plants all completed by Jonathan .

[/s]




I asked you for links and facts, not screen captures.




Even your silly screen captures don't alter the fact that power dropped to the level I asserted the same week he left office so your point is stil mute and redundant.

So, it dropped under jona because of sabotage? Why and who was sabotaging?

Were his terrorist brothers in the delta not blowing up pipelines and denying our power plants fuel under PMB?


You should start by listing the power plants jona warded contract for and commissioned.


Tese ipobs and their silly tales sef..

deomelllo:
[s][/s]




I asked you for links and facts, not screen captures.




Even your silly screen captures don't alter the fact that power dropped to the level I asserted the same week he left office so your point is stil mute and redundant.

So, it dropped under jona because of sabotage? Why and who was sabotaging?

Were his terrorist brothers in the delta not blowing up pipelines and denying our power plants fuel under PMB?


You should start by listing the power plants jona warded contract for and commissioned.


Tese ipobs and their silly tales sef..

I have drawn up that list here in the past and would have to search for it when I get back from church

[s]

Desyner:
Commonsense varies according to the overall strength of the whole sense. Where did power drop from ?

[/s]


Does it matter where it dropped from? If you are going to start making silly excuses, come up with it and quit asking useless questions.

This ipob and his ignorant and unintelligent question?

SalamRushdie:
I have drawn up that list here in the past and would have to search for it when I get back from church

Take your time, don't rush, I'll be here waiting.

It is really a shame that these jokers are coming up with excuses.


After 16 years in power and $20 billion power fund, we are still in darkness and this joker is beating chest with 4,000MW.

Are we still not in darkness.

Or did you give PMB 16 years to fix the problem and he did not?

Did you give PMB $20 billion to fix the problem and he didn't


How sad.

Desyner:
The clown acknowledge power dropped after jonathan left but didn't tell us the value it dropped from.
He will tag us IPOB. Just watch.

At least, you know yourself.

deomelllo:
[s][/s]


Does it matter where it dropped from? If you are going to start making silly excuses, come up with it and quit asking useless questions.

This ipob and his ignorant and unintelligent question?

You are the one who talked about facts and same person presenting incomplete speculation as facts here.
I understand you are being paid for this so no surprises if you refuse to admit you error. Man must wack.

deomelllo:
At least, you know yourself.

Still trying to be smart. Face your blunder and apologize or earn your pay in silence.

[s]

Desyner:
You are the one who talked about facts and same person presenting incomplete speculation as facts here.
I understand you are being paid for this so no surprises if you refuse to admit you error. Man must wack.

[/s]

Asking me where the power dropped from was a silly and pointless question.

If you have a point to make about what I said, go ahead and state your views or valid objections instead of meaningless questions.

Go away if you have ni=othing better to say or contribute.

deomelllo:
[s][/s]


Handing over the duties of the Nigerian Navy to terrorists and giving billions that should have been spent on the Nigerian Navy to terrorists was the most disastrous and unpatriotic in the history of mankind.

1. you are sitting here fuming that the NAVY wasn't well equipped and our ships are not up to the task.

Were they up to task after handing over their funds to terrorists?

2. The $2 billion jona stole and gave to Dasuku/ATM to share with his PDP friends and cronies could have bought many fighter jets and warships.

3. The PDP/JONA together spent 16 years in office, so tell us exactly what they did to better the Nigerian military and the Navy in general?


After sitting, watching, looting and stealing military budgets of $6 billion and rendering the Navy worthless, they called in the terrorirts to take over.


It's like Trump handing over the US NAVY to ISIS or the Taliban.



I find your thoughts, mentality and assertions very disgusting..

bro continue with your BMC activities, you havent faced a DSHK 12.7 mm HMG or mortar round at impact velocity nor do your know what an ordinary stern or bow is.

Continue with you politicking.

Nice to meet you

[s]

Desyner:
Still trying to be smart. Face your blunder and apologize or earn your pay in silence.

[/s]


Stop barking like village bingo and go away if you have nothing sane and intelligent to contribute.


It is not by force.

[s]

Cannonleo:
bro continue with your BMC activities, you havent faced a DSHK 12.7 mm HMG or mortar round at impact velocity nor do your know what an ordinary stern or bow is.

Continue with you politicking.

Nice to meet you

[/s]
.



Good to know you ran out of rubbish to spew..


Good riddance.

deomelllo:
[s][/s]

Asking me where the power dropped from was a silly and pointless question.

If you have a point to make about what I said, go ahead and state your views or valid objections instead of meaningless questions.

Go away if you have ni=othing better to say or contribute.

You asked SalamRushdie to work with facts then presented an incomplete speculation as facts and expect intelligent folks around not to ask you to complete your speculation before addressing it. You are irredeemable. Earn your bloody pay in silence and stop making people think you are Buhari himself.

deomelllo:
[s][/s]
.



Good to know you ran out of rubbish to spew..


Good riddance.

I find your ignorance a funny adventure